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Intel Corporation (NASDAQ:INTC) Rating Change: Buy to Hold

Stock Traders Daily is updating its buy rating on Intel Corporation (NASDAQ:INTC) to reflect the aggressive increase in price that has taken place since the buy rating was initiated on September 23. The buy rating was issued when INTC was trading near $28.2 with a price target of about $34.

Within 14 calendar days INTC increased by about 15% and the stock is now within striking distance of our $34 price target.

As a result our rating for INTC is changing from Buy to Hold.

Depending on the price action in the near term sell signals may also surface.